Alphawave IP Group (LON:AWE) Trading Up 0.5% - Here's Why

Key Points

• Alphawave IP Group's stock increased by 0.5% during mid-day trading, reaching GBX 182.90 ($2.47).
• Trading volume saw a significant decline of 77% compared to the average daily volume, with approximately 736,702 shares traded.
• The company has a market cap of £1.43 billion and operates in sectors including AI, 5G, and autonomous vehicles.

Alphawave IP Group plc (LON:AWE - )'s stock price was up 0.5% during mid-day trading on Friday . The company traded as high as GBX 183.70 ($2.48) and last traded at GBX 182.90 ($2.47). Approximately 736,702 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 3,153,897 shares. The stock had previously closed at GBX 181.90 ($2.46).

Alphawave IP Group Trading Up 0.5%

The company has a quick ratio of 15.51, a current ratio of 0.62 and a debt-to-equity ratio of 53.89. The business's 50 day moving average is GBX 176.02 and its 200-day moving average is GBX 147.91. The firm has a market cap of £1.43 billion, a P/E ratio of -3,164.36, a price-to-earnings-growth ratio of 0.44 and a beta of 0.89.

About Alphawave IP Group

Faced with the exponential growth of data, Alphawave IP's technology services a critical need: enabling data to travel faster, more reliably and with higher performance at lower power. Alphawave IP is a global leader in high-speed connectivity for the world's technology infrastructure. Our IP solutions therefore meet the needs of global tier-one customers in data centers, compute, networking, AI, 5G, autonomous vehicles, and storage.

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